What Can You Do With an Economics Degree?

A degree in economics offers a better understanding of how to deploy resources to meet the needs of individuals and organizations. Economists have a deeper understanding of prices, incentives, trade, investment, employment and earnings. The career field in this discipline is quite diverse, as an economist can be employed in any field, ranging from banking to business. With a degree in economics, you can acquire specialized skills based on your area of interest.  

A degree in economics would certainly boost your employ-ability in various market segments. There is a massive demand for economics graduates in the global industry. One can use an economics degree to study international trends in the global marketplace. The problem solving and analytical skills of economics graduates are highly desirable. 

Why should you pursue a degree in Economics? 

There is a lot that you can do with the skill-set acquired while pursuing a degree in economics. You can be an –

• Economist 
• Data Analyst
• Financial Risk Analyst
• Financial Planner
• Financial Researcher
• Accountant 
• Investment Analyst 

You can also hold any prominent position in the public sector with your degree in economics. Economics students have a fair shot of securing professional employment within six months of graduating from college.  

The principles of economics are applied in every aspect of life. Studying economics can land you a job anywhere in the world. As the subject has an impact on all walks of life, you could learn anything from environmental economics to public policy, depending on your interest. The learning empathizes more with real-life applications.    

What do you learn with an economics degree? 

A degree in economics offers you a better understanding of how the world works. The theory combines with an organized and methodical mindset for carrying out research and analysing data in order to arrive at conclusions. You develop critical thinking and analytical skills throughout your career by doing statistical analysis, presentations and research papers. You can develop the core economic skills needed to forge a successful career in diverse fields.  

What are the Job Prospects? 

The job prospects are immense and vast when you opt for a degree in economics. Here are some of the popular industries that you can choose from as an economics graduate.  

Data Analytics 

Data analysts are responsible for evaluation, analysis and representation of large sets of data to identify trends prevalent in various industries. Several analysts choose to work in the manufacturing and agriculture sectors. There are analysts in the healthcare industry who research about the spread of diseases and gather evidence. Economists also take part in forensic accounting. 

International Economics 

International trade takes place across the borders of various nations. This field studies exchange rates, resource allocation and trade policies among different countries. Trade economists predict how tariffs may impact the economy of a nation and how exchange rates can impact the demand for any product. 

Environmental Economics

There are many individuals who prefer pursuing environmental economics, which offers knowledge of the allocation of natural resources. Environmental economists review the costs and benefits of acts such as the Clean Air Act and also the impact of economic incentives on various industries.  

Public Policy

All counties have proper regulations and policies in place that impact their allocation of resources as well as their economy. Economists are responsible for evaluating the impact of such policies on resources like healthcare and food. They also evaluate tax reforms and sturdy social support programs, government debt, health insurance and a lot more.  

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